Game Theory Models and Their Applications in Inventory Management and Supply Chain

Altannar Chinchuluun (), Athanasia Karakitsiou () and Athanasia Mavrommati
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Altannar Chinchuluun: University of Florida
Athanasia Karakitsiou: Technical University of Crete
Athanasia Mavrommati: Technical University of Crete

A chapter in Pareto Optimality, Game Theory And Equilibria, 2008, pp 833-865 from Springer

Abstract: Analysis of supply chain politics can benefit from applying game-theory concepts extensively. Game theory tries to enlighten the interactions between individuals or groups of people whose goals are opposed conflicting, or at least partially competing. In this chapter, we review classic game theoretical approaches to modeling and solving certain problems in supply chain management. Both noncooperative and cooperative models are discussed and solution procedures are presented in single-period and multiperiod settings. As used here, a “game” is a metaphor for any interaction among the decision makers in a supply chain.

Keywords: inventory; supply chain; noncooperative games; cooperative games; Nash equilibrium; Stackelberg game; transferable utility; core; bargaining; biform games (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-0-387-77247-9_29

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